Dubai Properties, the real estate arm of government-owned Dubai Holding, has signed an agreement with Emirates Sunland Group (ESG) to develop the AED 2.56 billion Palazzo Versace Resort located at the Culture Village .
The signing ceremony took place in the presence of Hashim Al Dabal, CEO, Dubai Properties, Soheil Abedain, Joint Managing Director, ESG, and Raza Jafar, Managing Director, Emirates International Holdings (EIH).
The 215-suite Palazzo Versace Resort will be developed on 130,000 square meters of prime land in the Culture Village along Dubai Creek, being developed by Dubai Properties.
